7 Ways To Improve The Value Of Your Home
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The average homeowner moves 11.7 times over the course of their life. So, unless you plan on sticking with your home for the long haul, chances are that you’ll be putting it up for sale one day. In order to get the most money back, it’s vital that you take care of your home and maximize its value.
Today, we’ll be looking at seven of the best ways to improve the value of your home. Make these improvements and cash in when it comes time to put your home on the market!
Ways to Get Money to Improve Your Home
1. If you need help funding large home improvement projects, consider getting an investment from Hometap. Hometap could invest in your home, giving you cash today, in exchange for a percentage share in your home’s future appreciation. If you qualify, Hometap will give you up to $600k or 30% of your home’s value in cash. Unlike a loan, there’s no interest, no monthly payments, and no debt.
In exchange for its investment, Hometap will share in the profit or loss when you finally decide to sell your home and move out (up to 10 years later). If you decide you want to stay longer than 10 years, you can settle the agreement with Hometap at the end of the term without moving out. You can use the money however you’d like: make home improvements, fund a child’s education or your retirement, eliminate debt … it’s up to you.
Get an estimate of how much cash you can get now. See if you prequalify for a Hometap investment in less than two minutes.
2. Another way to potentially find thousands of dollars for your home improvements is to refinance your mortgage — replacing your home current home loan with a new loan that has a lower interest rate.
Refinancing your mortgage is easy with LoanDepot, which allows you to check your rates in minutes. Since 2010, this company has funded more than $100 billion in loans. And get this — after you refinance with them, they will waive any lender fees and reimburse appraisal fees any time you refinance again down the road.
7 Ways To Improve The Value Of Your Home
1. Hire a Pro to Identify Home Improvements
Let’s face it—we don’t always know what types of additions are going to raise the value of our homes. Something we like might not necessarily be something that a potential buyer likes.
Hire a realtor or interior designer to take a walk through your home and point out some of the different improvements that should be made. Some realtors even offer this service for free if you’re looking to sell your home in the near future!
2. Get Your Home Inspected
When it comes to the value of your home, there is much more than meets the eye. Even if your home looks good, it’s still important to ensure that all systems are in good condition and are operating properly.
By hiring a third-party inspector and having them perform a walk-through of your home, they can help you uncover any potential problems before they inevitably come to light and make it difficult for you to sell your home at the price you want.
3. Install Eco-Friendly Features
Today, there are all types of eco-friendly systems and appliances that help preserve the environment and keep utility bills low.
If your home isn’t already decked out with energy-efficient systems, consider going through and making these upgrades. Some of the most popular features include the following:
• Solar panel installation
• Window, door, and siding upgrades
• Energy-efficient lighting
• Energy-efficient appliances
• Low-flow showerheads
• Smart thermostats
4. Give Your Home a New Paintjob
Scruffs, scratches, and scrapes on your walls can quickly deter a potential buyer. Fortunately, these are very minor blemishes that can be resolved with a new coat of paint.
Before selling your home, consider repainting so that all of your home’s walls look clean and well-kept. What’s more, this is a relatively cheap improvement to make, as paint is fairly inexpensive. You might even be able to do it yourself with a few gallons and rollers!
5. Boost Your Home’s Curb Appeal
Whenever someone drives up to your home for the first time, what’s the first thing they see? It’s not the dining room, lounge room, or bedroom. It’s the outside of your home! In order to make a strong first impression and justify the asking price for your home, you will want to maximize its curb appeal.
One of the most common ways to improve your home’s curb appeal is to invest in landscaping. Reseed and fertilize to keep your lawns looking vibrant and healthy, and trim back any bushes or trees that are growing out of control.
Planting a few trees can even make your home appear more beautiful. Plus, the shade that trees provide can help lower energy costs!
6. Prioritize Your Kitchen and Bathroom
There are all types of rooms that people consider when shopping for new homes. There are two rooms, however, that tend to make the strongest impression on homebuyers—the kitchen and bathroom.
If you’re looking to sell your home sometime in the near future, consider remodeling your kitchen and bathroom so that they stand out to potential buyers. Any updates you can make to your kitchen and bathroom—even if they are minor—can yield big returns.
7. Make an Addition to Your Home
The bigger the home, the more expensive it tends to be. So, if you want to raise the asking price for your home, make an addition!
Keep in mind that additions can be pretty expensive. If you’re unable to increase the square footage of your home, you can often make rooms appear larger with a little de-cluttering and reorganizing.
Find Out How Much You Can Get for Your Home
Want to know how much you can get for your home? It can take a while to receive an offer you like, but with OfferPad, you could receive a competitive cash offer within 24 hours—without a broker or home showings! And all you need to do is complete a simple three-minute questionnaire.
The company will then use local market expertise to assess your home’s value and get you an offer. Once you receive an offer and accept it, OfferPad will let you pick your closing day and even give you free local moving services!